shawtlTdog6314 shawtlTdog6314
  • 05-02-2020
  • Business
contestada

Two years ago, you invested $3,000.00. Today, it is worth $3,750.00. What rate of interest did you earn?

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danishmujtabaqureshi
danishmujtabaqureshi danishmujtabaqureshi
  • 05-02-2020

The annual interest rate is 11.803%.

Assumptions:

- Interest is compounded annually.

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